American Security Resources Corp. (ARSC)

[DFLY]

At least they are taking a few better steps here that I like considering pps and the gamble. First lowered AS from 20 to 3b with last RS. Also the PR about getting debt converted to preferred instead of commons like this and many other subbers are used to. I think this can make a nice move regardless of the past if they continue to try and make a few right moves here. Those 2 alone are worth the gamble for me. AS lowered and mils of debt not going to hit commons. Will see what haps. Sometimes pigs can indeed fly.




ARSC Negotiates Debt to Equity Conversion

Cuts Debt on Balance Sheet by Over $2.1 Million

HOUSTON, TX / ACCESSWIRE / November 30, 2015 / American Security Resources Corp. ("ARSC") ("the Company") (OTC PINK: ARSC) announced today that it has reached agreement with holders of more than $2,100,000 of its debt to exchange their obligations for the Company's $2.50 Convertible Preferred Stock.

"We will complete the swap of the debt for convertible preferred shares before year end so the reduction of debt and increase in equity will be reflected in our 2015 10-K," states Frank Neukomm, CEO of ARSC. "This is a boost to our shareholders and an endorsement by these debt holders of our current business plans. We have reduced debt and interest expense, increased shareholders’ equity and done it in a way that doesn’t dilute our common shareholders," concluded Neukomm.